back over to you. >> matt taylor joining us from sydney. jim o'neill said the aussie dollar needs to get weaker. we debt go below 1.03 briefly, but is it going to weaken if we expect more rate cuts? >> i think it will struggle to weaken in an environment where we have u.s. federal reserve embarking on what's likely to be an open-endeded quantitative easing program. i think in an environment like that, we're likely to see carry trades continue to be popular, the u.s. dollar to weaken. and partly that's because they have removed a lot of tail risks around a sharp slowdown in global growth, although we're not seeing that just yet. >> i suppose if it doesn't weaken a huge amount, it does help the rba out in terms of its inflation target, right? >> yes, it does. that is one thing that a higher currency will do will keep your import prices low. however, i think the rba have been somewhat frustrated that the exchange rate, australian dollar hasn't acted in its normal way as a buffer against lower global prices for australia's commodities. >> we've